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Article 29. Investment Declaration of the Law on Endowment Funds and Endowment Funds (Endowments)
1. The investment declaration is prepared by the endowment fund, taking into account the list of financial instruments that may be part of the assets of endowment funds (endowment funds).
2. The investment declaration must contain:
1) description of the goals, objectives and strategies of the investment policy of the endowment fund (endowment capital);
2) the list of investment objects of the endowment fund (endowment capital), types of transactions, conditions, restrictions and investment limits;
3) Hedging and diversification conditions;
4) fiduciary obligations, the observance of which is ensured during the implementation of investment activities.
3. The management company (fiduciary) has the right, in accordance with the procedure and on the terms established by this Law and the trust management agreement, to make proposals to the endowment fund to amend and (or) supplement the investment declaration.
4. The investment declaration is published on the official Internet resource of the endowment fund within three calendar days from the date of its approval or introduction of amendments and (or) additions to it.
The Law of the Republic of Kazakhstan dated June 30, 2025 No. 199-VIII SAM.
This Law regulates public relations that arise during the creation, management and liquidation of endowment funds, the formation, replenishment, and dissolution of endowment funds (endowment funds) and the use of their investment income, and the trust management of assets of endowment funds (endowment funds).
President
Republic of Kazakhstan
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